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Credit Suisse shares fall 24% after Saudi investors withdraw aid

share Credit Switzerland It fell more than 24% today (March 15) in two sessions of trading. which is an all-time low decline The Investing.com website reported the state of the stock today at 7:18 pm that it fell $ 0.03 (about 0.99 baht) or 1.18% to $ 2.51 (about 82.83 baht).

Saudi Arabia’s National Bank (SNB), Credit Suisse’s largest investor, said it could no longer provide financial support to Credit Suisse.

Ammar Al Khudairi, chief executive of SNB, added: “We can no longer support Credit Suisse Bank as we now receive more than 10% subsidy, it is an SNB regulatory matter.”

Credit Suisse chief executive Axel Lehmann said today: The bank is trying to de-risk the balance sheet.” “Everything is under control. We have a strong capital ratio and balance sheet.”

At the same time, many Italian banks had to stop trading suddenly as their stocks continued to fall throughout the day.

Credit Suisse has been delaying the release of its annual report recently because it received a late-night phone call from the US Securities and Exchange Commission (SEC).